808 New Franklin Rd - Auto Repair FOR SALE


Lagrange, GA 30240
$2,950,000 USD
332-345-4222
808 New Franklin Rd, Lagrange, GA for Sale
$2,950,000 USD
Auto Repair - FOR SALE
1/2
null | 7% Cap Rate

808 New Franklin Rd
Lagrange, GA 30240


HIGHLIGHTS

  • Brand New, Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases
  • Corporate Guarantee

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Main Street Auto located at 808 New Franklin Road, LaGrange, Georgia 30240. The site consists of roughly 13644 rentable square feet of building space on an estimated 3.8-acre parcel of land. This Main Street Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 12/17/2024. The current annual rent is $206,500 and has scheduled increases of 2.00% Annually Starting Year 7.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Main Street Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.8 AC

LAND SF

165,528 SF

ZONING

023

APN/PARCEL ID

050-2B-005-009

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.